Barrington Research Reiterates "Outperform" Rating for SURO Capital (NASDAQ:SSSS)

Key Points

• Barrington Research has reaffirmed an "outperform" rating for SURO Capital with a price target of $11.00, indicating a potential upside of 15.67% from the stock's previous close.
• The company recently reported an earnings per share (EPS) of ($0.16), which was better than analysts' expectations of ($0.17), despite revenues falling short at $0.17 million against a forecast of $0.50 million.
• Insider trading activity includes CEO Mark D. Klein purchasing 10,000 shares at $8.45 each, reflecting confidence in the company's performance as he now holds over 1.5 million shares.

SURO Capital (NASDAQ:SSSS - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a research report issued on Friday,Benzinga reports. They presently have a $11.00 price target on the stock. Barrington Research's price objective indicates a potential upside of 15.67% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. BTIG Research set a $10.00 target price on SURO Capital and gave the company a "buy" rating in a research report on Tuesday, July 1st. Citigroup reaffirmed an "outperform" rating on shares of SURO Capital in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SURO Capital in a research note on Wednesday. Wall Street Zen raised shares of SURO Capital from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, JMP Securities raised their price target on shares of SURO Capital from $8.00 to $10.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, SURO Capital has an average rating of "Moderate Buy" and an average price target of $10.33.

SURO Capital Price Performance

Shares of NASDAQ:SSSS traded down $0.28 during trading on Friday, reaching $9.51. 85,142 shares of the company's stock traded hands, compared to its average volume of 233,178. SURO Capital has a fifty-two week low of $4.01 and a fifty-two week high of $10.05. The company has a quick ratio of 22.50, a current ratio of 22.50 and a debt-to-equity ratio of 0.33. The firm has a market cap of $227.17 million, a PE ratio of -5.07 and a beta of 1.75. The company has a 50-day simple moving average of $8.88 and a 200-day simple moving average of $7.32.

SURO Capital (NASDAQ:SSSS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.01. SURO Capital had a negative return on equity of 6.10% and a net margin of 2,015.55%.The firm had revenue of $0.17 million for the quarter, compared to analysts' expectations of $0.50 million.

Insiders Place Their Bets

In other SURO Capital news, CEO Mark D. Klein bought 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $8.45 per share, with a total value of $84,500.00. Following the purchase, the chief executive officer directly owned 1,530,590 shares of the company's stock, valued at $12,933,485.50. This trade represents a 0.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 6.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SSSS. Bank of America Corp DE raised its position in shares of SURO Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company's stock valued at $27,000 after buying an additional 2,253 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SURO Capital during the 2nd quarter valued at approximately $31,000. Jump Financial LLC purchased a new stake in shares of SURO Capital during the 1st quarter valued at approximately $59,000. Invesco Ltd. purchased a new stake in shares of SURO Capital during the 1st quarter valued at approximately $62,000. Finally, Millennium Management LLC purchased a new stake in shares of SURO Capital during the 4th quarter valued at approximately $65,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

SURO Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.

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